Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sets New 12-Month High – Here’s What Happened

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP)’s share price hit a new 52-week high on Thursday . The company traded as high as $175.48 and last traded at $175.43, with a volume of 36919 shares changing hands. The stock had previously closed at $171.34.

Goldman Sachs Hedge Industry VIP ETF Price Performance

The stock has a market cap of $526.71 million, a PE ratio of 28.77 and a beta of 1.08. The stock has a 50-day moving average price of $155.70 and a two-hundred day moving average price of $155.52.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its position in shares of Goldman Sachs Hedge Industry VIP ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock valued at $832,000 after purchasing an additional 67 shares in the last quarter. Summit Financial LLC raised its stake in Goldman Sachs Hedge Industry VIP ETF by 0.7% during the fourth quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock valued at $1,603,000 after purchasing an additional 70 shares in the last quarter. Cross Staff Investments Inc raised its stake in Goldman Sachs Hedge Industry VIP ETF by 1.0% during the third quarter. Cross Staff Investments Inc now owns 7,800 shares of the company’s stock valued at $1,195,000 after purchasing an additional 74 shares in the last quarter. Mariner LLC raised its stake in Goldman Sachs Hedge Industry VIP ETF by 4.7% during the fourth quarter. Mariner LLC now owns 2,066 shares of the company’s stock valued at $320,000 after purchasing an additional 92 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after purchasing an additional 166 shares in the last quarter.

About Goldman Sachs Hedge Industry VIP ETF

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.